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Crosetto, Paolo; Filippin, Antonio - Wirtschaftswissenschaftliche Fakultät, … - 2012

gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion. …

Persistent link: https://www.econbiz.de/10010555774

Loss aversion and mental accounting: the favorite longshot bias in parimutuel betting

Qiu, Jianying - Wirtschaftswissenschaftliche Fakultät, … - 2007

Parimutuel betting markets are simpliï¬ed ï¬nancial markets, and can thus provide a clearer view of pricing issues which are more complicated elsewhere. Though empirical studies generally conclude that the parimutuel betting markets are surprisingly effcient, it is also found that for horses...

Persistent link: https://www.econbiz.de/10005090495

Voluntary contributions with risky and uncertain marginal returns: the importance of the minimal value

Levati, M. Vittoria; Morone, Andrea - Wirtschaftswissenschaftliche Fakultät, … - 2009

contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …

Persistent link: https://www.econbiz.de/10004964131

Valuation of Self-Insurance and Self-Protection under Ambiguity: Experimental Evidence

Ozdemir, Ozlem - Wirtschaftswissenschaftliche Fakultät, … - 2007

This experimental study, first, compares the individual valuations of two risk reduction mechanisms: self-insurance and self-protection. Second, it investigates these valuations when the loss amount is ambiguous, and compare these values with valuations when loss amounts are known. results...

Persistent link: https://www.econbiz.de/10005090463

The Neglected Dimension of Well-Being: Analyzing the Development of "Conversion Efficiency" in Great Britain

Binder, Martin; Broekel, Tom - Wirtschaftswissenschaftliche Fakultät, … - 2010

In Amartya Sen's capability approach, policy makers can focus on different levels to influence the well-being of a society. We argue that improving capability to function as well as absolute levels of functioning achievement should be complemented by attention given to improving individuals'...

Persistent link: https://www.econbiz.de/10008675294

Welfare Effects of Endogenous Copyright Enforcement - the Case of Digital Goods

Pasche, Markus - Wirtschaftswissenschaftliche Fakultät, … - 2014

In case of digital goods such like music, intellectual property rights are typically not exerted by the creators (artists) but by intermediaries. Their profits, and therefore also the income of the artists, are endangered by copyright infringements (piracy). It is well known from static welfare...

Persistent link: https://www.econbiz.de/10010755822

Success in Pharmaceutical Research: The Changing Role of Scale and Scope Economies, Spillovers and Competition

Plotnikova, Tatiana - Wirtschaftswissenschaftliche Fakultät, … - 2010

This paper investigates the determinants of success in the development of new drugs. In specific, it explores the factors of success in drug development programs at different stages of innovation process. We use economies of scale, scope, R&D competition and technological spillovers as...

Persistent link: https://www.econbiz.de/10008511329

Productivity and Heterogeneous Knowledge: Exploring the Relationship in a Sample of Drug Developers

Bottazzi, Giulio; Plotnikova, Tatiana - Wirtschaftswissenschaftliche Fakultät, … - 2010

This paper aims to investigate the effect of knowledge characteristics on the total factor productivity of firms developing drugs in the pharmaceutical industry. We decompose knowledge into knowledge associated with the technological firm portfolio and knowledge related to R&D projects, which...

Persistent link: https://www.econbiz.de/10008511333

The Impact of Government Procurement Composition on Private R&D Activities

Slavtchev, Viktor; Wiederhold, Simon - Wirtschaftswissenschaftliche Fakultät, … - 2011

This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We develop an endogenous growth model with quality-improving innovation that incorporates industries with heterogeneous innovation sizes. Government demand in high-tech industries...

Persistent link: https://www.econbiz.de/10009291506

Absorptive Capacity and Innovation: When Is It Better to Cooperate?

Egbetokun, Abiodun; Savin, Ivan - Wirtschaftswissenschaftliche Fakultät, … - 2012

Cooperation can benefit and hurt firms at the same time. An important question then is: when is it better to cooperate. And how can an appropriate partner be selected? In this paper we present a model of inter-firm cooperation driven by cognitive distance, appropriability conditions and external...

Persistent link: https://www.econbiz.de/10010583160

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